Get paid to clinical trials

January 3, 2014 – 12:59 pm

How to Make Extra Money by Participating in Clinical Trials

How to Make Extra Money by Participating in Clinical Trials

Do you want to make some extra money but don’t want the hassle of a minimum-wage job? Do you need to make a good sum of money quickly because you have bills to pay now? Then clinical trials may be the answer for you. Before you get all squeamish about becoming a lab rat, though, here are some basic facts about clinical trials:

Inpatient vs. outpatient trialsInpatient clinical trials require that the subject (meaning you) stay at the facility for the length of the study, including overnight. Outpatient clinical trials require that the subject appear for the initial screening and trial start and then complete several follow-up visits.

Control vs. test groupStudy participants are categorized into control and test groups. The control group is typically not administered the intervention and usually receives the placebo. Participants may also be recruited for the direct purpose of being part of the control group; for example, a study may need participants who do not have diabetes so that their responses can be compared to those participants who do have diabetes.

Phase I, II or III
If the clinical trial involves the development of a new drug or medical procedure, that intervention must pass through a series of tests, or phases, before being approved by the FDA. Phase I trials assess the safety of the intervention relative to placebo. Phase II trials assess intervention efficacy (i.e., does it work). Phase III trials fine-tune intervention dosing, confirm efficacy, etc.

High pay
Clinical trials pay between $50-$300 per day/visit, with compensation dependant upon the length of the time required as well as the procedures performed. Overnight stays typically pay more money than those involving repeat visits. Likewise, the more invasive the procedures, the more monetary compensation that is provided.

Aside from the money, however, there are some major benefits to participating in clinical trials. For starters, clinical trials require that the subject undergo a physical examination. If it’s been a while since your last physical check-up, this is a good way to find out about your health. Drug trials often require more extensive examinations; you might be required to undergo an EEG, EKG, MRI or a complete blood analysis. The findings from such expensive tests can be invaluable for your personal health.

Assuming you have a condition that is being studied in a clinical trial, that trial can even end up saving your life. Each year, thousands of cancer patients sign up for clinical trials in the hopes that such trials will cure or at least delay their cancer. However, even if all you have is a simple allergy, participating in a clinical trial that attempts to treat your condition can go a long way towards ridding you of this annoyance.

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